Coronavirus to hit Canadian oil sector as energy project hangs in balance
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OTTAWA/TORONTO (Reuters) - The spreading coronavirus outbreak will hit Canada's already struggling energy industry, Finance Minister Bill Morneau said on Monday, just as Ottawa is set to decide the fate of a major new oil sands project. Morneau told a business audience in Calgary that prices for crude - one of Canada's major exports - had dipped by 15% on lower demand since the outbreak started in China. Calgary, the energy capital of Canada, has been hard hit by low prices and limited pipeline..